Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of North Florida, Inc.403(b)

GOODWILL INDUSTRIES OF NORTH FLORIDA RETIREMENT SAVINGS PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Goodwill Industries of North Florida, Inc. reported $4,266 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $133 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.09% to 0.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,799th of 3,644), and 8,925th of 11,911 in health care & social assistance. In 2024, employees put in $4.07 for every $1.00 the employer contributed; active participation has shrunk from 1,209 to 835 since 2022.

Plan summary
Net assets, end of year$3,484,853
Participants with balances122
Active participants835
Employer contributions$111,068
Employee contributions$451,583
Employer contribution per active participant$133
Average account balance$28,564
Benefits paid to participants$268,115
Plan auditUnmodified (clean) audit opinion
AuditorSMOAK, DAVIS & NIXON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 122 accts · $111K emplr
2023$2.8M · 112 accts · $113K emplr
2022$2.7M · 104 accts · $80K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,266
Total administrative$4,266
Employer contributions to the Goodwill Industries of North Florida, Inc. plan · 2024
Employer contribution per active participant$133
Median for plans this size$1,313
2024$133 per active participant
2023$52 per active participant
2022$66 per active participant

Goodwill Industries of North Florida, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$4,266
MAI CAPITAL MANAGEMENT, LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$4,266 · 0.14%
2023$2,541 · 0.09%
2022$2,617 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · Florida

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Source: U.S. Department of Labor, Form 5500 series, EIN 590637858 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.